Arbico Plc

What Arbico Plc does

Arbico Plc is a Nigerian building and civil engineering contracting company headquartered in Lagos, Nigeria, founded in 1958. The firm is publicly listed on the Nigerian Stock Exchange under the ticker symbol nig:ARBICO and operates with a workforce in the 251–500 employee range. As a contracting entity in the building and civil engineering segment, its addressable market centers on Nigeria's infrastructure, commercial construction, and public-sector works pipeline.

The company's reported revenue trajectory over the 2019–2023 period shows material volatility, with the top line declining from 2019 through 2021 before recovering and reaching its five-year high in 2023. However, profitability has deteriorated sharply over the same window: gross profit, EBITDA, operating income, and net income all turned negative in 2023 after positive readings in 2020 and 2022, indicating significant margin compression or one-off losses at the top of the revenue cycle. Enterprise value has also swung from positive to deeply negative, consistent with either equity erosion or accounting distortions rather than operational expansion. (Note: the supplied financial figures carry a USD label but their absolute magnitudes suggest a non-USD currency unit, likely Nigerian Naira; figures are presented as supplied.)

The company's public profile is limited — its website (arbico.ng) returned only a loader/verification placeholder during data collection, and no product details, customer disclosures, partnership announcements, technology stack, or management-team information were extractable. The lack of disclosed customers, segments, or pricing models leaves the business model — beyond traditional construction-contract revenue — substantially opaque. As a long-standing, publicly listed Nigerian contractor, the operating model is presumed to combine tender-based project execution with public-sector and commercial client engagements typical of the domestic construction industry.

Name

Arbico Plc

Website

https://arbico.ng

Company type

Private

Founded year

1958

Headcount range

251–500 employees

Short description

Arbico Plc is a publicly listed Nigerian building and civil engineering contracting company headquartered in Lagos, founded in 1958, serving Nigeria's infrastructure and construction market with a workforce of 251–500 employees.

Ownership category

akta.pro rank

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain

Core offering

Arbico Plc is a building and civil engineering contracting company that delivers construction and infrastructure contracting services from its base in Lagos, Nigeria. The company undertakes building and civil engineering projects as a contractor, operating with 251–500 employees since its founding in 1958.

Differentiator

Problem solved

Functional benefit

Products and services

• Building and civil engineering contracting services Contracting services for building and civil engineering projects, delivered to clients in Nigeria from the company's Lagos headquarters.

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves1 record

Direct peers

• Mothercat Nigeria: Mothercat Nigeria is a civil engineering and construction company active in roads, bridges, and oil-and-gas-related infrastructure; it competes with Arbico in Nigerian public infrastructure work.
• Julius Berger Nigeria: Julius Berger Nigeria is the largest publicly listed Nigerian building and civil engineering contractor and the most direct comparable to Arbico, executing roads, bridges, and infrastructure projects for federal and state governments with a similar contract-based delivery model.
• Reynolds Construction Company Nigeria: Reynolds Construction Company is a Nigerian building and civil engineering firm with a long operating history, comparable to Arbico in scale, customer mix (Nigerian federal/state governments), and core project types (roads, bridges, buildings).
• Setraco Nigeria: Setraco Nigeria is a major Nigerian civil engineering contractor with operations across roads, airports, and dams; it competes with Arbico for the same pool of public infrastructure tenders in Nigeria.
• Costain West Africa: Costain West Africa is a Nigerian civil engineering and building contractor focused on roads, bridges, and marine works, directly comparable to Arbico in geography, project type, and customer base (Nigerian public sector).
• Dorman Long Engineering: Dorman Long Engineering is a Nigerian engineering, procurement, and construction company with similar building and civil engineering activities, overlapping customer base, and comparable scale to Arbico.

Broad incumbents

• China Civil Engineering Construction Corporation (CCECC) Nigeria: CCECC is a large Chinese state-owned EPC contractor with extensive Nigerian operations in rail, roads, and civil infrastructure; it represents a much larger incumbent competitor bidding for the same Nigerian federal projects as Arbico.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights3 records

Customer concentration

• Xx.com/arbicoplc

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Arbico Plc